Author: The INO.com Team

First Ever Australian Cannabis Stock Set To Lead Industry

Posted on by The INO.com Team

Analysis originally distributed on March 15, 2017 By: Michael Vodicka of Cannabis Stock Trades

Cannabis legalization isn't just happening in the U.S and Canada. It's happening all across the world. It seems like every month or so a new country joins the party.

For example, In early 2016 Colombia's Congress voted to legalize cannabis for medical and scientific purposes.

In the Middle East, Israel is decriminalizing cannabis for recreational purposes.

In late January, Germany passed a bill legalizing the production, sale and use of medical cannabis.

This is good news for cannabis stock investors. It means the industry is growing.

This week, I want to tell you about a well-known country of 24 million that just launched its promising young medical cannabis industry. Continue reading "First Ever Australian Cannabis Stock Set To Lead Industry" →

Oil And Health Bill Vote Drag The Markets Down

Posted on by The INO.com Team

Hello MarketClub members everywhere. The stock market is mixed today as traders continue to watch and listen to developments regarding the House's health care proposal and falling oil prices.

The markets suffered their worst day of the year on Tuesday with the DOW falling 237 points, this was largely due to fears that a prolonged battle in Congress to repeal and replace Obamacare could delay tax reform, deregulation and government spending.

MarketClub's Mid-day Market Report

U.S. crude oil futures have fallen 1.2% to a new 3 month low of $47.01 per barrel after the American Petroleum Institute said Tuesday afternoon that U.S. inventories increased by 4.5 million barrels.

Key levels to watch this week: Continue reading "Oil And Health Bill Vote Drag The Markets Down" →

Gold Stocks for All Risk Appetites

Posted on by The INO.com Team

Money manager Adrian Day reviews recent developments at a handful of gold companies, both juniors and seniors.

Franco-Nevada Corp. (FNV:TSX; FNV:NYSE,NY 62.58), already one of most diversified of royalty companies, is expecting further commodity diversification ahead, with CEO David Harquail saying the company will do more deals in non-precious metals, particularly oil and gas. The company's mandate allows for up to 20% of the portfolio outside precious metals—currently it's at 94% precious metals—and Harquail said he would like to get to that level soon. Franco currently has availability liquidity (cash and credit lines) over $1 billion.

The reason for the diversification is that the gold industry is essentially "ex-growth," according to Harquail, who says companies are investing in new projects to maintain production, but "none of these projects are really great."

Company Can Take Its Time

Harquail also noted that Franco does not need to be in a rush to invest. It has growth built in for the next five years from royalties on advanced-stage projects, while it could maintain its dividend for the next 32 years even if it did nothing else.

Franco is also appealing more and more as an investment to long-term conservative institutions, including generalist funds who want a small exposure to gold and resources without the extreme volatility from mining companies. Franco remains a foundational investment for us. If you don't own it, it's a good buy here. Continue reading "Gold Stocks for All Risk Appetites" →

U.S. Dollar Slips As Stocks Fluctuate

Posted on by The INO.com Team

Hello MarketClub members everywhere. The market is relatively unchanged today after erasing earlier losses as real estate and technology turned higher and traders turned their eyes to comments from several Federal Reserve officials.

The U.S. central bank raised interest rates for the second time in three months last week, but the "dot plot" that shows each member's expectations for where rates will be in coming years changed little from the last meeting.

MarketClub's Mid-day Market Report

Key levels to watch this week: Continue reading "U.S. Dollar Slips As Stocks Fluctuate" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the April contract settled last Friday in New York at 1,201 an ounce while currently trading at 1,229 up about $28 for the trading week all based off of the Federal Reserve raising interest rates. However, stating that they will take precaution down the road sending many commodities higher while sending the U.S dollar sharply lower. At present I'm now recommending a short position from the 1,229 level and if you take that trade place your stop loss above the 10-day high which stands at 1,237 risking around $250 per mini contract or $800 on the large contract plus slippage and commission as the risk/reward are highly in your favor as the chart structure is outstanding. Gold prices hit a 6 week low earlier this week telling you that the short-term trend is lower as prices are trading right at their 20 & 100-day moving average with major support around the 1,200 level & if that is broken the bearish trend should continue in my opinion so take a shot at the short side as the monetary risk is low.
TREND: LOWER
CHART STRUCTURE: EXCELLENT Continue reading "Weekly Futures Recap With Mike Seery" →